Vault America, Inc (OTCBB:VAMA) announced a best efforts private placement of 2,000,000 units at $3 per unit for gross proceeds of $6,000,000 on February 10, 2012. Each unit consists of one share of common stock and a five-year warrant to purchase one share of common stock with an exercise price of $4.50 per share. Midtown Partners & Co LLC will act as the placement agent and will receive a commission equal to 10% of the gross proceeds. The securities will be issued to accredited investors pursuant to Regulation D. The transaction will be terminated if the closing does not take place on or before May 15, 2012. Andrea Cataneo of Sichenzia Ross Friedman Ference LLP will act as legal advisor to the company. On March 1, 2012, Vault America, Inc closed the transaction. The company issued 24,000 units at $3 per unit for gross proceeds of $72,000 in the transaction. The agent received a commission of $720, equal to 1% of the gross proceeds.